roof is 18 years old, should I withdraw my offer, thx!

[Peter Zhang]

hi,
I’m new to the forum. I have a question regarding an offer I made yesterday. I offered to a real estate investment property last night. The owner accepted my offer but they didn't have the property disclosure available when I sent my offer. I just received the property disclosure today. I notice the age of the roof is 18 years old, and no repair or replacement work was done since 1994. I feel like the roof is reaching the end of life. I was under the assumption that the roof doesn't need to replace soon when I offered. So the owner is telling me although the roof is 18 years old but nothing is wrong with it, and they stand firm with the price. From a real estate investment standpoint, should I withdraw my offer due to the potential roof replacement cost? Thanks,
Peter

[Joel Owens]

Be careful. The sellers cash flow could have been great all these years because they never fixed anything.

It's like a car that you buy new.It gets 80,000 miles on it and the seller says they have never had a problem.Even though items are old the seller states they still work.

You buy the car and then a bunch of things start going out.The seller got a great price and made you pay for the repairs.

Don't do it with this house and don't talk yourself into a deal.Run your numbers and give that to the seller and if they balk keep looking.